Top Tips

Take Professional Advice

To ensure you pay the right rent, the right premium and have the correct business plan, professional advice should be taken.

Due Your Due Diligence

Don't rely on unaudited figures.
Do ask for VAT returns
Do ask for Bru Lines information (if available)

Do get your EPC - remember an F and Lower score is likely to be illegal by 2018 - you need to negotiate now that the landlord improves the rating at his cost before you sign a lease and it becomes your cost. Pub Innsite recommends EPC For Property
Do review this Due Diligence document click here for pdf

Use Stock Takers & Accountants

This will ensure you get no nasty suprises and keep on top of costs and Gross Profit margins. Most failures result from cashflow problems relating specifically to cost control.

Don't Go on an Expensive Holiday/ buy a Range Rover in the fist 12 months

Pretty self explanatory and relates directly to cost control - most businesses have cycles and you need to ensure your keep cash available from the good days to support you during January February and March.

Be Professional

Standards are what stand you apart from your competition. Ensure you are professional in every way, the days of standing the wrong side of the bar with friends are numbered if you want to drink with your friends do it in another pub! And ensure your pub is clean!

Evolve

Ensure you provide what your customers want, and listen to them. Keep trying new ideas to develop and drive business, talk to others in the trade and visit competitors.

Invest in Staff

Your most important assets are your staff. Keep them motivated by competition, rewards, personal development, exams, promotion. They are the face of your business and have to breathe your ethos and feel valued to ensure peak performance.